Melco Resorts and Wynn cease junket operations in Macau Sadonna Price Latest Casino and Gambling NewsGaming Industry NewsMacau December 28, 2021 0Casino operators have started shutting down junket operations in Macau. Both Melco Resorts and Entertainment Ltd., along with Wynn Macau...
Premium-mass likely to be the new habitat for many Macau junket operators Adam Morgan Latest Casino and Gambling NewsGaming Law & LegislationCasino NewsGaming Industry NewsEconomy/FinanceMacauMergers, Acquisitions & Partnerships December 15, 2021 0Up to 30% of junket business in the casino hotspot of Macau may reportedly soon abandon the more traditional high-value...
Cancellation blow for Macau junket giant Tak Chun Group Adam Morgan Latest Casino and Gambling NewsGaming Law & LegislationCasino NewsGaming Industry NewsEconomy/FinanceEmployment & CareersLicensesMacauMergers, Acquisitions & PartnershipsCrime December 8, 2021 0Asian junket operator Tak Chun Group has reportedly confirmed that the lucrative cooperation agreements it held with Macau’s collection of...
Macau regulator confirms shuttering of all Suncity Group gaming lounges Adam Morgan Latest Casino and Gambling NewsGaming Law & LegislationCasino NewsOnline gambling regulationGaming Industry NewsEconomy/FinanceEmployment & CareersUnlicensed OperationOnline Gambling NewsMacauMergers, Acquisitions & PartnershipsCrime December 2, 2021 0In Macau and the Gaming Inspection and Coordination Bureau regulator has reportedly confirmed the temporary closure of all local VIP...
Macau casinos may now be held liable for partner junket debts Adam Morgan Latest Casino and Gambling NewsGaming Law & LegislationCasino NewsGaming Industry NewsLicensesMacauFines, Lawsuits & Litigation November 25, 2021 0In a potentially landmark decision and a Macau appeals court has reportedly ruled that the enclave’s six casino operators can...
Melco Resorts and Entertainment Limited tops off Studio City Macau extension Adam Morgan Latest Casino and Gambling NewsCasino NewsCasino expansion projectsNew HotelsGaming Industry NewsEconomy/FinanceMacau November 16, 2021 0In Macau and prominent land-based casino operator Melco Resorts and Entertainment Limited reportedly held a topping-off ceremony yesterday for the...
Macau experiences steep one-week aggregated gaming revenues increase Adam Morgan Latest Casino and Gambling NewsGaming Law & LegislationCasino NewsGaming Industry NewsEconomy/FinanceMacau October 26, 2021 0The 41 casinos in Macau have reportedly seen their aggregated gross gaming revenues rise dramatically over the course of the...
Macau casino and junket firms seek clarity on future regulatory landscape Adam Morgan Latest Casino and Gambling NewsGaming Law & LegislationCasino NewsGaming Industry NewsEconomy/FinanceLicensesMacauMergers, Acquisitions & Partnerships September 22, 2021 0In Macau and representatives from some of the city’s junket firms reportedly joined casino executives at a meeting on Monday...
Morgan Stanley again lowers Macau annual forecasts amid coronavirus stall Adam Morgan Latest Casino and Gambling NewsGaming Law & LegislationCasino NewsGaming Industry NewsEconomy/FinanceLicensesMacau September 20, 2021 0For the second time this year and global brokerage and investments firm Morgan Stanley has reportedly cast doubts on the...
Macau casinos post reduced July combined tax contribution Adam Morgan Latest Casino and Gambling NewsCasino NewsGaming Industry NewsEconomy/FinanceMacauTaxation September 8, 2021 0The over 40 casinos in Macau reportedly contributed just over $319.63 million in aggregated gaming taxes for July as they...
Melco Resorts and Entertainment changing the focus of Altira Macau Adam Morgan Latest Casino and Gambling NewsCasino NewsGaming Industry NewsCasino project updatesEconomy/FinanceMacauMergers, Acquisitions & Partnerships July 28, 2021 0In Macau and Melco Resorts and Entertainment Limited has reportedly announced that it will soon be transforming the casino within...
Macau aggregated gross gaming revenues hurt by new travel restrictions Adam Morgan Latest Casino and Gambling NewsCasino NewsGaming Industry NewsEconomy/FinanceMacau June 22, 2021 0Macau reportedly saw its aggregated gross gaming revenues drop off by almost 24% last week after neighboring Guangdong Province instituted...
Morgan Stanley reduces Macau annual gaming revenues prediction Adam Morgan Latest Casino and Gambling NewsCasino NewsGaming Industry NewsEconomy/FinanceMacau May 27, 2021 0The continuing impacts of the coronavirus pandemic have reportedly prompted global brokerage and investments firm Morgan Stanley to lower its...
Angela Leong On-Kei becomes sole owner of L’Arc Macau Adam Morgan Latest Casino and Gambling NewsCasino NewsGaming Industry NewsCasino project updatesEconomy/FinanceLicensesMacauMergers, Acquisitions & Partnerships May 19, 2021 0In Macau and local businesswoman Angela Leong On-Kei (pictured) has reportedly become the sole owner of the 283-room L’Arc Macau...
Golden Weeks pushes Macau back to within 50% of pre-COVID-19 revenue levels Sadonna Price Latest Casino and Gambling NewsEconomy/FinanceMacau May 7, 2021 0The recovery process continues in Macau as gaming operators have recorded their best week since the early days in 2020...